Following a story MHProNews.com posted Feb. 24, 2014 regarding assistance the state of Michigan is offering to repeat homebuyers, including those buying manufactured homes, we have been informed the Mi Next Home program offers $7,500 maximum assist, or four percent of the purchase price, whichever is lower. Northern Homes Executive …
In a commentary by MHProNews.com‘s publisher L. A. ‘Tony” Kovach, noting a recent advertisement by the Manufactured Housing Association for Regulatory Reform (MHARR) targeted to industry lenders who are members of the Manufactured Housing Institute (MHI) in an attempt to have them join MHARR, he alludes to a 1971 Pogo …
Pooling Resources for Manufactured Housing, or Pulling them Apart? Read More
The Michigan State Housing Development Authority already offers first time home-buyers assistance through its Mi First Home program, and now it is offering assistance to repeat buyers, including those who want to buy a manufactured home. The Mi Next Home program can provide up to $7,500 in down payment assistance, …
Following up on an article MHProNews.com published Feb. 18 regarding the possible closure of the Applewood Park manufactured housing community (MHC) in Midvale, Utah, state representative Tim Cosgrove (D-Murray) has introduced HB 108 that would establish a task force to identify issues dealing with manufactured home ownership. Noting 10,000 seniors …
Bill Establishing Manufactured Housing Task Force Filed Read More
Using the H-2A visa foreign guestworker program to harvest fruit crops in Washington state requires the growers to provide housing for the workers. In 2013 there were 6,221 employees under the program, many living in manufactured homes, 12 to a home, that accompany the fields of the larger growers. This …
According to ycharts.com, on average about one million new households are created each year, but since the recession that has dropped to 500,000, spurring trulia.com to say there are “2.4 million” missing households. In his 2011 Berkshire Hathaway shareholders letter, Warren Buffett says, “People may postpone hitching up during uncertain …
Technology-based internet marketing services company SearchCore, Inc. of Lake Forest, California announces plans to open its second Wisdom Homes of America, Inc. manufactured home retail center, according to globenewswire.com. As MHProNews.com reported Feb. 4, 2014, Wisdom was set to open its first retail center in Rhome, Texas. The newest operation …
The Virginia Manufactured and Modular Housing Association (VAMMHA) tells MHProNews.com legislation in the House of Delegates, SB363, supported by VAMMHA, will streamline the titling process of manufactured homes and allow for the re-titling of homes severed from real property. If the measure passes through the subcommittee of the House Transportation …
Legislation could Affect Titling of Manufactured Homes Read More
The Federal Emergency Management Agency (FEMA) has posted a solicitation for the construction of an indefinite number of manufactured homes with the stipulation that they can become permanent homes. According to inquisitr.com, multiple contracts worth up to $500 million will be awarded for homes than can be quickly deployed to …
The Texas Manufactured Housing Association (TMHA) reports revised figures for October indicate new manufactured home sales were 913 units, marking the fifth highest monthly total on the year. While the new sales percentage change from Sept. was -7.84 percent, change from same month last year was up +2.62 percent, and …
Representatives from Clayton International Homes in Middlesboro, Kentucky and members of the Claiborne Planning Commission (CPC) in Clairborne County, Tennessee discussed new regulations governing manufactured homes being sited by their owners on privately-owned land. CPC Chairman Jerry Brooks wants to make sure roads in the developments are adequate for emergency …
Regulations Proposed for Manufactured Home Communities in Tennessee Read More
MHProNews.com has learned from Joe Kelly, executive vice-president of the Iowa Manufactured Housing Association (IMHA), that the Iowa Legislature is considering House Study Bill (HSB) 638, which would provide for the creation of first-time home-buyer savings accounts. First-time manufactured home purchasers, whether in real estate applications or in communities, would …
Five hundred thirty acres of former farmland in Minot, North Dakota are set to become a new planned community of 2,000 residential units around a hub of commercial and retail space, including a park and trail system. Infrastructure work began last year to support the development, which includes what is …
Manufactured, Modular Homes Filling North Dakota Project Read More
Survivors of the Sept. 2013 disastrous, heavy flooding in Colorado have received a total of $267 million in federal and state assistance, according to insurancejournal.com. EQECAT, which provides state-of-the-art catastrophe risk models for the insurance and reinsurance industries, said flood losses have hit $2 billion and continue to climb. The …
FEMA Providing Manufactured Housing for Flood Survivors Read More
According to motleyfool.com, Wells Fargo upgraded real estate investment trust (REIT) Sun Communities, Inc. to Outperform, as it cited positive home sales trends. In addition, Sun’s guidance for 2014 includes an $0.08 increase in distribution per common share; a midrange estimate of funds from operations (FFO) per share increase of …
Manufactured housing component and building supplier Patrick Industries, Inc. (PATK) is set to release its financial results for 2013 before the market opens on Thurs., Feb. 20. According to twst.com, a conference call will be held later that morning at 10:00 AM eastern time to discuss the results. CEO and …
The Virginia Manufactured and Modular Housing Association (VAMMHA) announces applications are being accepted for its 2014 Scholarship Program. Applicants must be employed by VAMMHA member companies or be the children or grandchildren of employees and have a 3.0 grade point average (GPA). They are required to submit three letters of …
Following up on the manufactured housing statistics for 2013 MHProNews.com posted Feb. 4, the Manufactured Housing Institute (MHI) reports total floors shipped in December 2013 were 6,289, an increase of 15.1 percent compared with December 2012. As shipments increased 9.7 percent year-over-year, the number of plants reporting increased by one …
According to multihousingnews.com, government services enterprise (GSE) Fannie Mae reports in 2013 it provided $28.8 billion in multifamily finance, covering 507,000 multifamily units. Over 85 percent of of the multifamily units financed by Fannie Mae in 2013 were affordable to tenants earning at or below the median income in their …
Fannie Mae Loans for Manufactured Homes Rise in 2013 Read More
The Virginia Manufactured and Modular Housing Association (VAMMHA) informs MHProNews.com that U. S. Congressman Randy Forbes (R-Chesapeake) has signed on as co-sponsor of the Preserving Access to Manufactured Housing Act (HR 1779). He joins fellow Virginians Rep. Bob Goodlatte (R-Roanoke) and Rep. Robert Hurt (R-Chatham) as supporters of the legislation. …
Preserving Access to Manufactured Housing Act Garners Support from Rep. Forbes Read More
